Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If you can specify even one thing that I’ve said which is incorrect that would be great. I’m still yet to read one single bit of insight from you.
Honestly please just point out one thing that I’ve said that isn’t right…..just one…..I’ll wait
Honestly, what happened to ignoring each other?! Can you just leave it and stop trolling every comment. You honestly don’t know what you’re taking about. I know in great detail how the insurance business works thanks. If you have a specific question and you want to be civil, ask away
No, I can’t recall the exact number but a decent percentage is underwritten by the panel rather than AICL, the policy is the same. Only thing that would be interesting is if your old policy was underwritten by AICL as that might show a tightening in their underwriting criteria. Only a sample of one but always interesting to try and understand what the business is doing
A good example of exactly what I was talking about previously when 3 year fixed policies come up for renewal. With the current inflationary pressures the premium increases will look shocking and retention is going to suffer. Unfortunately it is what it is, the insurance side of the business is going to be in trouble for quite some time
Not at all mate, I like your posts and find them objective. I just don’t like one liners with zero substance. The “I’ve heard from someone” lines just wind me up more than they probably should.
I mainly use telegram and stuff like that for forums but this is the only saga one I’ve come across hence me not posting on other stocks.
Lol, a couple of percent up in one morning and you’re at it…..we’re closer to £1 than £1.30 Aspers and still very much on a downward trend. If you could share any insight or data or numbers I’d genuinely want to listen. I really don’t understand why you bash people that have clearly done a lot of research and have called this all the way down to very nearly £1. The business is in a complete mess
As you’ve said the accounts don’t make it easy so there’s no exact number given from the company but let’s look at saga spaces for example…..
It has its own ceo and coo who will be paid handsomely. It Has developers, testers, project managers, content creation, website development. By my very rough maths it’s easy to get to £1m in the last year just on people costs alone……not including the payoffs to all of these people for redundancy.
The exceptional website is separate and again has an army of people associated to it.
In the current climate, to waste shareholders money on these types of projects is criminal and lands firmly at Euans feet…..no Covid or inflation or any other excuse can be used for these ones
Maybe if they hadn’t spent millions on the new digital initiatives that they’ve now shelved we wouldn’t be In such a mess……or maybe slightly less of a mess.
It blows my mind that Euan still has a job after the last 12 months. These cost savings are a year too late and are compounded by the ridiculous cost of the digital disasters set up by Euan last year…….still, as long as he gets his bonuses and free shares that’s all that matters I guess
Agreed, the BoD have promised 10m in cost savings every year for about 4 years…..what happens in reality is every year there are redundancies and the business just re hires new people.
I’m dizzy with seeing functions centralised and then decentralised every year…..
Next 6-12 months will be interesting
Lol, believe what you like, I’ll keep saying that I think I post informative information and I have a view based on clear rationale.
You’re bang on, we haven’t dropped below £1 and for those still in I’m happy about that…..I don’t want people to lose money.
I still believe that there is potential for It to happen based on the reasons I’ve outlined but I wouldn’t gloat about it either way, it was just an opinion.
There are many long term holders here that have suffered big time so I don’t really get excited about talk of £1.30 or £1.50.
Like I’ve said previously, unlike many I’ve been to AGMs and challenged the leadership as best a PI can, which I think is a good thing for anyone invested here.
What I don’t do is say stuff like oh yeah I have some news I heard from someone that things will be great….just trust me. Sorry but I’ll always call that out. If others like the mystic Meg predictions based on nothing, that’s great for you.
I want this business to succeed but at the same time there have been some shocking decisions and down right deceit from the management on progress over the last few years…..like many, I hope that this is now a turning point…..the next 6/12 months will reveal all
Yeah I’m paid to comment…..genuinely though, if anyone knows who would pay me to post, please let me know!
I post on other shares via different platforms. I can’t find another saga group…..not that it matters?
If you look back through my posts, like I’ve said numerous times, I do try and share information and rationale. I haven’t seen anything of value from yours Moz?
The most important question on saga is insurance and what happens to the motor book over the next few years. In particular what happens to the 3 year fixed book policies come to renewal and the plan for AICL.
I’m ignoring all of the rhetoric on cost savings and cross selling opportunities as that is rolled out every 6 months and nothing ever happens.
I’m out until the end of this year at least until i see some real movement on results.
Is there decent potential upside, absolutely. Is there also a defect chunk of risk that the insurance business continues to tank and uncle Roger isn’t always there to bail out the management…..also yes
Feel free to filter me, I feel like I always back up my views with numbers and detail but if you don’t like it, you can always ignore it. I didn’t see many others at the AGM or asking questions at the investor meetings but If you’d rather focus your energy on bashing me for having a fair view on the business that’s cool